Small business is the engine that drives America. Often times divorce attorneys face a scenario where parties are divorcing and the means of income that has provided for the family is the small business. An example would be a doctor, lawyer, or landscaper. The obvious assumption most of us would make is that this would continue to be the source to maintain the parties (and their children) after the divorce.
However, sometimes this is not the case. There are three key points to consider if you have a ... Read More
30
Sep2015
17
Sep2013
The divorce process inherently encompasses many issues, including child support, child custody, parenting time, and property division. Many of our past blog posts have discussed these topics generally, and in great detail. One particular thing that can muddy the waters of a divorce matter is when the parties together, or even just one, owns and runs a small business.
It may seem obvious if Husband and Wife are co-owners of a family business, and both ... Read More
07
Feb2012
Most business lawyers and owners understand the uses and benefits (mostly) of utilizing a business structure for a family-owned business (or any other business). When properly formed and maintained, such a structure does have many beneficial things; and it has tax benefits and apportions liability between individuals (spouses) and the entity and allows insuring risk and apportioning liability by contract.
These are very important individual and ... Read More